After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Corebridge Financial Inc. (CRBG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.36, or 2.14%, to $17.22. The Corebridge Financial Inc. has recorded 111,204 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Corebridge Financial Announces Effectiveness of Form S-4 Registration Statement and Launch of Exchange Offer.
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Stocks Info
This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $16.86 and fluctuated between $16.92 as its day high and $16.17 as its day low. The current market capitalization of Corebridge Financial Inc. is $10.74B. A total of 1.06 million shares were traded on the day, compared to an average of 1.82M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CRBG has seen 14 BUY and 14 SELL insider trades, representing the acquisition of 428,449 and the disposition of 87,053 shares. Over the last 12 months, there were 35 BUYs and 29 SELLs from insiders. Insiders purchased 2,454,489 shares during that period but sold 80,329,384.
In the most recent transaction, Colberg Alan B. bought 30,000 shares of CRBG for 22.92 per share on Nov 10. After the transaction, the Director now owns 37,858 company shares.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Corebridge Financial Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 5.46%, and it has a price to earnings (P/E) ratio of 1.33. CRBG’s most recent ex-dividend date was 3/16/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/15/2022. The CRBG stock dividend was $0.23 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CRBG in the last 3 months, the mean price target is $24.31 with high estimates of $32.00 and low estimates of $18.00. In terms of 52-week highs and lows, CRBG has a high of $23.50 and a low of $14.01.
As of this writing, CRBG has an earnings estimate of $0.84 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.73. The company reported an EPS of $0.57 in the last quarter, which was 16.30% higher than expectations of $0.49.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRBG’s latest balance sheet shows that the firm has $204.58B in Cash & Short Term Investments as of fiscal 2021. There were $15.68B in debt and $43.46B in liabilities at the time. Its Book Value Per Share was $12.73, while its Total Shareholder’s Equity was $28.93B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRBG is Hold with a score of 4.42. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
